Much of the Raw Material That Manufacturers Need Can Be

question 15

Multiple Choice

Much of the raw material that manufacturers need can be obtained through which of the following?

• A) recycling
• B) outsourcing
• C) improved technological extraction methods
• D) new source countries

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Definitions:

Business Decisions

Choices made by companies based on analysis and strategic considerations to achieve specific objectives.

Capitalist Economy

An economic system where private individuals rather than the state own and control property and businesses.

Centrally Planned Economy

An economic system where the government or central authority makes all decisions regarding the production and distribution of goods and services, often found in socialist or communist countries.

Government Sets Prices

A situation where the government determines the selling prices of goods and services, often to stabilize the economy or ensure affordability.